KfW Finances Solar Projects for Brazil’s Soccer World Cup Arenas

Dec. 14 (Bloomberg) -- KfW Group, Germany’s state-owned
development bank, provided financing for two solar-power
projects to be built on the roofs of soccer stadiums hosting the
World Cup in Brazil.

KfW signed a contract with Brazilian utility Cia Energetica
de Minas Gerais for a 10 million-euro ($13 million) loan, the
bank said today in a statement. The solar projects, with a total
capacity of 2.6 megawatts, will be installed on the Mineirao and
Mineirinho stadiums in Belo Horizonte, it said. CEMIG provided
4.25 million euros of capital.